Marc Lore sells Timberwolves and Lynx stake to Marc Stad at $4.5 billion
15 sources • 3 min read • Latest: Aug 22, 2026, 4:47 AM
Last updated Aug 22, 2026
Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Lynx to Marc Stad for a valuation of $4.5 billion. Lore will retain a limited role but is stepping down as the team governor to focus on his food delivery business, Wonder. Alex Rodriguez continues as co-chairman and governor of the Lynx, while Stad's wife, Elisa, becomes the designated governor of the Timberwolves. The ownership transition reflects a reorganization rather than a complete overhaul, with promises to keep the teams in Minnesota intact.
- •Lore sells controlling interest to Stad while remaining a limited partner.
- •Stad has been a limited partner and is now the primary owner.
- •Rodriguez retains his role with the Lynx, who lead the WNBA standings.
- •Elisa Stad will serve as the Timberwolves' designated governor.
- •Plans for a new arena in Minnesota remain a priority for the ownership group.
- 4:47 AMYahoo Sports — American billionaire buys controlling stake in Minnesota Timberwolves, Lynx in $4.5 billion deal
- 9:45 PMMinneapolis Star Tribune — Timberwolves, Lynx have a new controlling owner. Here’s what Marc Stad’s takeover means. - Star Tribune
- 5:25 PMYahoo Sports — Who bought the Timberwolves? Meet American businessman Marc Stad, new owner of both Minnesota basketball franchises
- 5:02 PMYahoo Sports — ‘Massive Ownership Shakeup’ – NBA World Reacts As Marc Stad Buys New Stake Worth $4.5 Billion
- 4:31 PMCBS NBA — Another NBA ownership shakeup: Marc Stad purchases majority stake in Timberwolves, Lynx for $4.5 billion
- 4:29 PMESPN — Sources: Stad buys lead stake in T-Wolves, Lynx
- 3:36 PMYahoo Sports — Timberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
- 3:35 PMYahoo Sports — Marc Lore agrees to sell majority stake of Timberwolves, Lynx to Marc Stad
"MINNEAPOLIS — Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Minnesota Lynx to limited partner and Dragoneer Investment Group founder and managing partner Marc Stad at a $4.5 billion valuation, team sources told The Athletic, facilitating the NBA’s second abrupt ownership shift in a week. Lore will remain a part of the ownership group in a limited role, but he is stepping away from his role as governor to focus on taking Wonder, his food delivery and takeout busi
"The Timberwolves and Lynx will soon change hands of majority ownership … again. Marc Lore is selling his majority stake to Marc Stad, a source confirmed to the Pioneer Press. Stad is the founder and managing partner of Dragoneer Investment Group, per Forbes. Stad was previously a minority investor under Alex Rodriguez and Lore. Rodriguez is retaining his stake in the organization, as well as ...
"Ownership of the Minnesota Timberwolves is changing hands after Marc Stad completed a deal to become the franchise’s controlling owner. According to ESPN’s Shams Charania, Stad bought Marc Lore’s controlling stake at a $4.
Sources
External links- Yahoo SportsAug 22, 2026, 4:47 AMAmerican billionaire buys controlling stake in Minnesota Timberwolves, Lynx in $4.5 billion deal
The Minnesota Timberwolves and Minnesota Lynx are getting a new owner, after Marc Lore sold his majority share in the franchises at a $4. 5 billion valuation.
- Minneapolis Star TribuneAug 21, 2026, 9:45 PMTimberwolves, Lynx have a new controlling owner. Here’s what Marc Stad’s takeover means. - Star Tribune
Stad is buying Marc Lore’s majority stake at a $4.5 billion valuation, while Alex Rodriguez will remain an owner. Here’s the shakeup means for Minnesota’s NBA and WNBA franchises
- Yahoo SportsAug 21, 2026, 5:25 PMWho bought the Timberwolves? Meet American businessman Marc Stad, new owner of both Minnesota basketball franchises
The Timberwolves and Lynx landed a new majority owner, according to ESPN's Shams Charania.
- ESPNAug 21, 2026, 4:29 PMSources: Stad buys lead stake in T-Wolves, Lynx
American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx, sources tell ESPN.
- Yahoo SportsAug 21, 2026, 5:02 PM‘Massive Ownership Shakeup’ – NBA World Reacts As Marc Stad Buys New Stake Worth $4.5 Billion
Ownership of the Minnesota Timberwolves is changing hands after Marc Stad completed a deal to become the franchise’s controlling owner. According to ESPN’s Shams Charania, Stad bought Marc Lore’s controlling stake at a $4.
- CBS NBAAug 21, 2026, 4:31 PMAnother NBA ownership shakeup: Marc Stad purchases majority stake in Timberwolves, Lynx for $4.5 billion
Stad will become the controlling owner after buying the majority of co-owner Marc Lore's stake
- Yahoo SportsAug 21, 2026, 3:36 PMTimberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
Marc Stad is set to take control of the Timberwolves and Lynx in a deal valuing both franchises at $4.5 billion.
- Yahoo SportsAug 21, 2026, 3:35 PMMarc Lore agrees to sell majority stake of Timberwolves, Lynx to Marc Stad
The Timberwolves and Lynx will soon change hands of majority ownership … again. Marc Lore is selling his majority stake to Marc Stad, a source confirmed to the Pioneer Press. Stad is the founder and managing partner of Dragoneer Investment Group, per Forbes. Stad was previously a minority investor under Alex Rodriguez and Lore. Rodriguez is retaining his stake in the organization, as well as ...
- Yahoo SportsAug 21, 2026, 3:34 PMHow Marc Stad and Marc Lore's ownership deal impacts Timberwolves and Lynx
The Minnesota Timberwolves and Lynx are undergoing a change in ownership structure and we broke down what it means for the two franchises.
- Yahoo SportsAug 21, 2026, 3:07 PMMarc Stad buys controlling ownership stake in Timberwolves and Lynx from Marc Lore
Marc Stad will keep Alex Rodriguez around as a co-owner of both teams.
- Yahoo SportsAug 21, 2026, 3:01 PMMarc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation
MINNEAPOLIS — Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Minnesota Lynx to limited partner and Dragoneer Investment Group founder and managing partner Marc Stad at a $4.5 billion valuation, team sources told The Athletic, facilitating the NBA’s second abrupt ownership shift in a week. Lore will remain a part of the ownership group in a limited role, but he is stepping away from his role as governor to focus on taking Wonder, his food delivery and takeout busi
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